Barbados Budget 2013

Minister of Finance Chris Sinckler delivers Budget 2013 - BU will update as soon as a copy is received.

Minister of Finance Chris Sinckler delivers Budget 2013 – Click image  to read Budget 2013


Tags: , , ,

501 Comments on “Barbados Budget 2013”

  1. Ah running from Dem August 13, 2013 at 9:03 PM #

    Dis is a pooch squeezer budget….


  2. millertheanunnaki August 13, 2013 at 9:07 PM #

    @ Prodigal Son | August 13, 2013 at 8:43 PM |

    I have always called it as I see it.
    Early on I realized that this PM was a fake and his claim of being a man of integrity was held up to the true light of day.
    He has been exposed for what he is regarding his ‘over-his-dead-body’ incontrovertible non-negotiable commitment to ensuring Bajans enjoy free access to education at the UWI.
    Can you imagine that massive cut in transfers to the QEH? Can you imagine what deleterious effects that would have on the quality of service delivery?
    Isn’t it time my proposal for a health lottery be accepted to help with this massive loss of funding to the QEH?
    What is the position with the St. John Polyclinic aka the David Thompson Mausoleum?

    Now can we see this man of reduced integrity trying to lead by example by reducing the size of his bloated excessive Cabinet as a symbolic gesture of feeling the pain like the rest?
    When the public sector has to be trimmed to the required affordable level will he and his colleagues follow suit for the national good?


  3. David (not BU) August 13, 2013 at 9:08 PM #

    “For 2013, the events being targeted will be: The English/West Indies cricket tour games in Barbados slated for February /March 2013; The Barbados Reggae Festival in April; The Top Gear Motor Sports Initiative in May; Crop Over Festival June through August; The Caribbean Premier League Cricket Tournament in August/September; The Barbados International Arts and Music Festival in September/October; the Food, Wine and Rum Festival in November; and a new International Yacht Race in December. ”

    This really is cause for concern. Given Adrian Elcock as head is the BTA and Rihanna’s. We know Parris’ wife is behind the the Food, Wine and Rum Festival in November, i have to ask this question are these guys still padding their pockets even when the country is in all this trouble?


  4. David (not BU) August 13, 2013 at 9:10 PM #

    also, what does the cut to Transport Board really mean? given the fact that you only 4 or 5 years ago ask the TB to carry school children for free.


  5. Watching (not the attorney) August 13, 2013 at 9:16 PM #

    @Prodigal Son
    MOF cut the monies to the SSA but not to Constituency Councils.


  6. Ah running from Dem August 13, 2013 at 9:19 PM #

    Sinckler like he fuhget to cut where he shudda cut to bring down de deficit. If he bring home Joe Goddard from the UN, he wud save money. If he bring home Evelyn Greaves from Canada, he wud save money. If he bring home Tony Arthur from England, he wud save some money. If he stop Benn from going to Toronto, he wud save money. If he bring home Price from New York, he wud save money. If he bring home Beale from Washington, he wud save money. If he tell Freundel to fire Maxine, he wud save money. If he tell Freundel to fire Irene, he wud save money.If he tell Freundel to fire Esther, he wud save money. Sinckler like he cant tink or he wud see savings in dese areas.


  7. JUST ASKING August 13, 2013 at 9:21 PM #

    This Government doing foolishness

    Plain and simple
    I have said all there is to say about this DLP Government


  8. critcial thinkers solve problems August 13, 2013 at 9:26 PM #

    Can we have some critical and creative thinking and analysis for alterniatives given the current situation instead of the constant political bashing?


  9. millertheanunnaki August 13, 2013 at 9:28 PM #

    @The People’s Democratic Congress | August 13, 2013 at 9:02 PM |
    “Now, we have not seen the last data on the amount of claimed foreign reserves that the country has to allow us to estimate the amount that the government has presently, but the government may have by now less than US $100 – 150 million in foreign reserves, given certain contractions in the export sectors. ”

    I am inclined to accept your assessment of the foreign reserves available to businesses and individuals to fund demand for goods and services originating overseas.

    I have often question the integrity of that reported foreign reserves figure.
    Without knowing its actual composition we should take it as just another piece of political propaganda concocted by the Governor and his creator the MoF.
    Remember when this same Governor massaged the unemployment figures reported by the BSS to suit his own and master’s political agenda.
    Dr. Worrell’s professional competence and integrity first came under suspicion when he bold-facedly told the naive Bajans that the Dodds prisons cost the country $700 million to construct.


  10. Hants August 13, 2013 at 9:29 PM #

    @critcial thinkers solve problems,

    you first.


  11. critcial thinkers solve problems August 13, 2013 at 9:30 PM #

    @ just asking,

    what are the alternatives given the current situation that would great a win-win situation for all and sundry?


  12. David August 13, 2013 at 9:32 PM #

    Good point David Simpson, the lowest fees are to be paid by social sciences at UWI. How will this impact our ability to grow the cadre of scientists?


  13. critcial thinkers solve problems August 13, 2013 at 9:35 PM #

    @ hants,
    For continuation of free UWI education
    1) UWI increasing broadband , offering at least 60% of courses online
    2) Introduce e-books via IPADS and phones

    just a beginning


  14. The People's Democratic Congress August 13, 2013 at 9:36 PM #

    We in the PDC have long been saying that this country has entered its sixth consecutive year of material financial decline, from 2007 to 2013.

    At no time has there been any comparative macro-material financial growth in between these years.

    Indeed, some officials from the Central Bank of Barbados, the Ministry of Finance in Barbados, CARTAC, etc., in 2010, got together and so-called recalibrated the so-called size of the Barbados economy in the middle of a localized political economic depression, and thus by creating a base year that was far bigger than what it should have been (assuming the gross money transactions in the country), they have been deliberately misleading some people into believing that there was really some macro- material financial growth in 2011 – 2012 (flat), when there was no such growth at all.

    What they have thus been doing too is creating the basis (Greek style) for serious inconsistencies lack of validity credibility in its presentation of data on certain variables and indicators, such as the same foreign reserves.

    Watch out carefully more serious inconsistencies and contradictions between political economic financial information and political economic policy positions to come from out of the Central Bank of Barbados and the Ministry of Finance and Economic Affairs.



  15. millertheanunnaki August 13, 2013 at 9:36 PM #

    @ critcial thinkers solve problems | August 13, 2013 at 9:26 PM |

    Here is an alternative suggestion to start the ball rolling:
    Why not get rid of the Constituency Councils and use the money to help out the SSA and the QEH or even the NCC?


  16. critcial thinkers solve problems August 13, 2013 at 9:40 PM #

    @ mILLER

    Will this solve the overall problem of the two institutions in the long term ?


  17. Hants August 13, 2013 at 9:44 PM #

    @ critcial thinkers solve problems et al

    Import substitution by increasing food production.


  18. Watching (not the attorney) August 13, 2013 at 9:44 PM #

    @ critcial thinkers solve problems | August 13, 2013 at 9:40 PM |

    @ mILLER

    Will this solve the overall problem of the two institutions in the long term ?
    It will assist.


  19. Hants August 13, 2013 at 9:47 PM #

    UWI must start a degree program in Industrial Design.

    You have to conceptualise and design before you can manufacture.


  20. critcial thinkers solve problems August 13, 2013 at 9:52 PM #

    @ watching (not the attorney)

    what about engendering a culture of efficiency, accountability and frugality for along term solution.


  21. critcial thinkers solve problems August 13, 2013 at 9:54 PM #

    @ hants

    Well posited. Innovation working overtime!!


  22. Caswell Franklyn August 13, 2013 at 9:56 PM #

    Watching (not the attorney) commented on Barbados Budget 2013 .

    Who is the author ? Language not Mr Sinclair’s

    You noticed that too: he couldn’t even pronounce the words. He sounded like a disc jockey reading the news.


  23. Prodigal Son August 13, 2013 at 9:56 PM #

    @Ah running from Dem | August 13, 2013 at 9:19 PM |

    Sinckler like he fuhget to cut where he shudda cut to bring down de deficit. If he bring home Joe Goddard from the UN, he wud save money. If he bring home Evelyn Greaves from Canada, he wud save money. If he bring home Tony Arthur from England, he wud save some money

    And would you believe that they are adding to this unproductive sector by sending of all people, Haynesley Benn up to Toronto shortly????


  24. Watching (not the attorney) August 13, 2013 at 10:06 PM #

    @ critcial thinkers solve problems | August 13, 2013 at 9:52 PM |

    @ watching (not the attorney)

    what about engendering a culture of efficiency, accountability and frugality for along term solution.

    I agree with you but no one can say that the SSA is anything but efficient. The NCC also does a good job with beautifying the country, however when the when the weeding and cleaning is done they are too tardy in removing it. Also there might be too many staff members.
    However w.r.t to the QEH I do not think that we should compromise our health care. Right now some departments do not have or have very little alcohol, gauze and even clean products.
    The problems at the QEH CANNOT be solved overnight or even with budget cuts, the whole culture needs to be addressed. But it is very difficult to legislate behaviour.


  25. Watching (not the attorney) August 13, 2013 at 10:07 PM #

    By the way I thought Minister Inniss had solved the problems.


  26. Prodigal Son August 13, 2013 at 10:09 PM #

    I noticed the same Caswell. He cannot read numbers. The writer should have written out the numbers in words….then again, he would have stumbled over them too.

    Stinkliar will not touch their sacred cows. I was hoping he would at least suspend the constituency councils as nobody knows what they are supposed to be doing. I really wanted this so that our “friend” on BU would have lost his pick and would know what it is to feel the pinch like the poor people they claim to love are feeling. Alas wishful thinking.

    I cannot believe what the hospital would be like with a 35 million dollar cut. I knew someone who was in a private ward and had to take in from toilet paper. Can you imagine how the public wards will fare now or what A&E will be like now? The poor will suffer.

    So much for dear loving people……………….my backside!


  27. critcial thinkers solve problems August 13, 2013 at 10:12 PM #

    @ Watching

    It can be done, but it will require strong transformational leadership that can cascade and bring about this cultural change. This is what these organizations and Barbados as a whole need. Sadly ,we have none at this point !


  28. JUST ASKING August 13, 2013 at 10:14 PM #

    Offering alternatives in this ignorant ass discriminatory society of cliques and fraternal links is a waste of time
    Here is an alternative suggestion to start the ball rolling:
    Why not get rid of the Constituency Councils and use the money to help out the SSA and the QEH or even the NCC?


  29. Trevor August 13, 2013 at 10:17 PM #

    checkit-out | August 13, 2013 at 7:02 PM |

    Sinckler’s style has taken on the trappings of statesmanship.
    Are you on drugs?


  30. critcial thinkers solve problems August 13, 2013 at 10:20 PM #

    @ Just asking
    Ok, we can do that ,but will this automatically solve all the current problems to get us back where we were prior 2008 and sustain us in the long term?


  31. Trevor August 13, 2013 at 10:22 PM #

    According to Sinckler, in four months (post election) the country went from in a good position (he reiterated his statement that it was fine then) to hell in a handbasket.

    Oh, give us a break, do!

    Really! Stupse, trying to cover up the nonsense spouted at election to fool the gullible masses.

    Five years and they still don’t know what to do.


  32. David August 13, 2013 at 10:22 PM #

    It is an academic discussion where the government should cut or not. There is no cash flow, there is rapidly reducing forex and there is no business confidence which is key.We put so much emphasis on sterile policies and forget that leadership and confidence must exist to bring together.

    On 14 August 2013 02:17, Barbados Underground


  33. Trevor August 13, 2013 at 10:24 PM #

    Election December!!!!


  34. Watching (not the attorney) August 13, 2013 at 10:30 PM #

    critcial thinkers solve problems | August 13, 2013 at 10:20 PM |

    @ Just asking
    Ok, we can do that ,but will this automatically solve all the current problems to get us back where we were prior 2008 and sustain us in the long term?

    We will never know unless we try. Nothing or no one can be as bad or as clueless these are.
    The measures announced today will have a ripple effect and do the complete opposite to what is expected ie grow the economy.
    Lots of measures suggested
    hoping to reverse the Tourism situation without addressing airlift problem. This will happen when you do not have the ability to look at the entire picture or when you cannot be advised.


  35. Trevor August 13, 2013 at 10:30 PM #

    That budget was xullxhit.


  36. Gabriel Tackle August 13, 2013 at 10:31 PM #

    This is truly the worst government Barbados has ever had.A cadre of incompetents led by the most incompetent Prime Minister Barbados has ever had.


  37. old onion bags August 13, 2013 at 10:32 PM #

    I fear we in real trouble…… could this Budget be in lines of dealing with an immediate $400 mil deficit GOCB has averted to…? think shomebody missed the ball…AGAIN …UNLESS…. nuffty Job cuts coming soon. Why all the suspense and games playing then ?????.


  38. millertheanunnaki August 13, 2013 at 10:33 PM #

    @ checkit-out | August 13, 2013 at 7:39 PM |
    “I repeat. Sinckler, imho, did the best he could have done on the horrible fiscal wicket that he played a large part in preparing. Lets see what the Opposition does in the next few days on that wicket. I’m betting on Mia to be even more impressive and perhaps also somewhat apparently accommodating.”

    Sinklower is not preparing any wicket for the emasculated Opposition to bat on in order for the DLP to claim lack of loyalty to nation building by the Opposition after the MoF did a watered down version of Jimmy Swaggart.

    The MoF and by extension the PM are pump priming Bajans for the IMF and further austerity measures. The DLP can claim after this budget that they did their best and with the lack of support from the Opposition and the private sector naysayers they had no alternative but to go to the banker of last resort.

    Mia and the BLP are being set up. They would be fools to swallow the bait hook line and sinker.
    If this administration were really serious about cutting expenditure why keep the Constituency Councils and other garrison resources away from the scalpel hiding in the oversized Cabinet?

    The public sector restructuring measures will not be implemented under the free will of this administration. They just would not mind or care if the government is taken away from them in 12 months. It’s really too much of a heavy lying burden on them to carry further as it is too far above the pay grade of the wordsmith and wild boys.

    Just look and see who are the hyenas running away with the remains of the once fatted calf since the sacred cow called “Free University Tuition” has been thrown to the lions.


  39. Georgie Porgie August 13, 2013 at 10:34 PM #






  40. critcial thinkers solve problems August 13, 2013 at 10:41 PM #

    @ watching

    While i can agree to certain extent that by removing this lot may restore some degree of business confidence we still need to address the overall problem within the government/ public sector 1.e accountabiloty, efficiency and frugality. If we don’t, then the same problems that we face now we will see again in acouple of years time.


  41. David August 13, 2013 at 10:47 PM #

    All that is unraveling is following the script scribed by the BU family, the finale is about to begin. Even Sir Frank is on record speaking to structural problems with the economy. We continue to play the gluts with people’s lives for the sake of politics.


  42. The People's Democratic Congress August 13, 2013 at 10:57 PM #


    Your points are appreciated.


    It is clear from the 2013 Financial Statement and Budgetary Proposals that there is an absolute need for the broad masses and middle classes to remove the DLP/BLP from the political governmental landscape of this country.

    That we can see that in the BLP parliamentary opposition leader reply tomorrow there will nothing put forward to make many individuals think that Miss Mottley will be different from Mr Sinckler, in his failing to motion Barbados (which the PDC expects) towards a different national development path for the country, makes the case stronger for the total absolute removal of them both from the governmental political landscape of this island.

    It is clear that many of those Budgetary Proposals are – if altogether implemented – going to put Barbados deeper in political economic depression – and closer to Barbados becoming like Jamaica was – in many regards – for most of its post independence history – in serious political economic decline and stagnation – with this evil wicked so-called personal consolidation tax on persons getting over BDS $ 50 000 per year – the cuts in transfers to a number of statutory corporations QEH, Transport Board, etc. – the proposed shortened work hours for temporary workers in the public service.

    Clearly these proposed measures are really of the sort that were taken before in 1991!

    And they will lead to greater contractions in purchases and sales of commercial resources and goods and contractions in the uses of commercial services in the country.

    And there will be greater attendant downward spirals in commercial business activity in this country and greater attendant social psychological stresses, traumas, and diseases as well.

    Many of the poor, the marginalized, and the underprivileged will suck more salt in this country, if they are resigned to doing so.

    If they take to the streets using such as the last straws of this DLP/BLP oppression misrule and with a view of creating a new social political material financial order for Barbados, they will not have to at least in the long run.

    Sounds again like mass protestations as in 1990/1991?

    Does it make sense that the broad masses and middle classes are by these and some prior Budgetary Proposals 2012/2011/2010 (cum policies) taken back to memories of 1990/1991?

    And that such memories of such circumstances are aggravated by the fact that electricity, water, telephone, etc bills have generally been on the increase and bus fares were also upped?

    So what is clear to the PDC is that there is nothing about these types of proposals that are forward looking people-centered developmental in nature, and that there is almost nothing that the BLP will be doing to stop them too from impacting severely on the backs of the broad masses and middle classes.

    So, rally for the total absolute removal of the Damned DLP and the Blasted BLP in this country.



  43. Carson C. Cadogan August 13, 2013 at 11:03 PM #

    Prodigal Son

    Looks like you are back, with more of the same.


  44. Trevor August 13, 2013 at 11:06 PM #

    @PDC ..who remove who, yuh aint see we ent even got a Commissioner, he get remove ad hoc like by the PM.why yuh tink?

    Yuh now onnerstanning what the ‘crack heads’ comment was about?

    Yuh try tuh remove summah dem….guh long nuh… lol

    Yuh thought it wudda nevah happen here? WHo fool yuh?


  45. Trevor August 13, 2013 at 11:07 PM #

    The man talk about foreign reserves dip bad after the election, why you think? People stupid?

    Dem did know that we might nevah have annuder election bout hey…. lol


  46. Trevor August 13, 2013 at 11:08 PM #

    And THAT people, is what you REALLY need to be worried about!


  47. Carson C. Cadogan August 13, 2013 at 11:09 PM #

    In the not too distant future you BLP members and supporters will be praising this administration just like how you all eventually started praising Errol Barrow after vilifying him for years.

    You did the same to Sir Lloyd.

    It takes a while for things to settle into your brains.


  48. checkit-out August 13, 2013 at 11:09 PM #


    Yes! The tone of the presentation was totally unlike that which one would associate with Sinckler. It was not combative. It seemed to at last tell the truth about the economy. It even suggested that the people had no confidence in his management of the economy. What was the strategy there? Did Sinckler have a big hand in its preparation?

    I agree with your post above that it was designed as a rope-a-dope type of presentation and as I said before I wonder if Mia and Owen will take the bait. I suspect not.

    But I also suspect there is more to this budget than meets the eye. remember that the discussion a few weeks ago revolved on the apparent conflict between the disparate recommendations of the CB Governor and Dr Frank Alleyne on what should be done to correct the alarming fiscal deficit, etc..

    The presented Budget itself seems to suggest a draw between the influence of the two on he who matters. The adjustments are about the same in toto as recommended by the CBG but the time frame over which they are ostensibly to be implemented has doubled. On closer examination, however, the revenue aspect which was not seen as being a big problem earlier has now been essentially frontloaded to this financial year while the expenditure aspect has been put off for implementation in the 2014-15 FY. Seems like Chris is jettisoning the society in favour of the economy. Did he do this willingly? Or was he pushed?

    Will the adjustments be enough in quantity and timeliness to satisfy the rating and funding agencies? Will they be enough to keep the IMF wolf from the door if the outturns do not accord with the MoF estimates?

    Bitter Tuesday it might be indeed.


  49. Trevor August 13, 2013 at 11:12 PM #

    Comrade Cadogan,

    Are you the new Commisioner?


  50. Carson C. Cadogan August 13, 2013 at 11:20 PM #

    “Are you the new Commisioner?”

    Time will tell.

    Tell the rest of the BLP jokers to go and get a good night’s rest. They have tired out themselves by now. Onions, Miller, Prodigal, David, the usual suspects.


  51. Carson C. Cadogan August 13, 2013 at 11:22 PM #


    We are waiting!


  52. St George's Dragon August 13, 2013 at 11:36 PM #

    At a macro level, the budget seems to be just about the opposite of what was required.
    1. There are lots of loans announced (some admittedly re-announced) the effect of which will be to increase the Government’s expenditure on loan interest and amortization payments; this at a time when borrowing was thought to be too high in the first place.
    2. Taxes have been increased; not exactly addressing the criticism that they were too high previously and that this was hindering the opportunity for economic growth.
    3. A major portion of the cuts are not real cuts. Announcing a $30 m cut from the SSA’s budget is playing with figures. The reality is that the SSA will make some minor savings but continue to operate as they have done before; they didn’t have sufficient money to operate properly in the first place. In a year’s time, they will have run up a huge debt and Government will have to bail them out – as they regularly do with bodies such as this.
    I give Sinckler credit for some decisions. The tourism investment money has to be a good idea, as does the revamping of the sugar industry. Maybe it won’t work out but it’s about time the Government made a few brave decisions – any decisions, in fact. The bravest decision is undoubtedly the UWI tuition fees. Actually having the courage to call a halt on the UWI free tertiary education juggernaut was going to have to be done at some time as it was getting unaffordable. I am slightly surprised that it is this Government which has shown the strength to do it.
    What I find depressing is that the gigantic elephant in the corner of the room remains – the huge, bloated occupying army of civil servants that we cannot afford. Unfortunately, the Government has decided that this will be funded by (amongst others) the poorest in our society, by cutting the reverse tax credit.
    I don’t think the credit rating agencies will give Mr Sinckler much credit for this budget. I forecast yet more downgrades, higher borrowing rates and no end to the economic woes.


  53. David August 13, 2013 at 11:39 PM #

    How will all this activity proposed in the Budget impact forex outflows?


  54. Simple Simon August 13, 2013 at 11:56 PM #

    Now UWI will be forced to admit minimally qualified students with money, instead of poor bright students.

    This can’t be good for our future.


  55. Simple Simon August 13, 2013 at 11:57 PM #

    The Simple Simon is not so good with the numbers, so can somebody tell me if my current land tax bill is $577.62, how much more will I have to pay under this new budget?


  56. Simple Simon August 13, 2013 at 11:59 PM #

    If I had a child starting university next year I would be crying blood.


  57. BAFBFP August 14, 2013 at 12:05 AM #

    Law students should be made to pay FULL ECONOMIC COSTS as well …


  58. St George's Dragon August 14, 2013 at 12:22 AM #

    They announced that there would be a system so that poorer students would still get support, so not be disadvantaged. No details though, nor of the loan arrangements which will cover fees payable.
    Lets hope that Government is quicker off the mark with these than they have been with things like the renewable energy legislation which has been announced more times than I can remember.


  59. Simple Simon August 14, 2013 at 12:31 AM #

    I suspect that the reverse tax credit was being widely abused, NOT by genuine poor people, but by pretend to be poor opportunists.

    Now poor Peter havta pay for dishonest Paul


  60. Amused August 14, 2013 at 2:16 AM #

    @BAFBFP | August 14, 2013 at 12:05 AM |” Law students should be made to pay FULL ECONOMIC COSTS as well …”

    I agree!!


  61. Caswell Franklyn August 14, 2013 at 2:22 AM #

    I just know that you would agree: you don’t want any competition, you SNAKE.


  62. Common sense is not common August 14, 2013 at 3:37 AM #

    This is a bite the bullet and swallow budget.I believe more should have been done with the unproductive civil service.
    I don’t think they fully understand the role they are playing in dragging this country down with their laziness and inefficiency.

    Beckles should show us line by line how he accounted for that huge jump in costs over the past 5 years.Oh for the days of Cave Hill principals like keith hunte and sydney martin and these men of professional integrity heading that instituition who were not as concerned about building their personal legacy as about building the human resources of the country.

    Don’t agree with any new taxation at this delicate stage in the economy.

    Agree with David Simpson of the Accounting Association that the implementation Unit should be properly structured and not filled with moribund civil servants.

    We all have to hope for our country’s sake that these measures work and we see Barbados back on a growth trajectory again.

    Sick of the BLP yardfowls who crawling out of the wordwork to post the same dog dung day – in day out and cannot present some balance.


  63. pieceuhderockyeahright August 14, 2013 at 4:08 AM #

    This has got to be one of the most thoughtless punitive budgets ever delivered @the people of Barbados since Independence

    It reminds me of the Bloody MRy contraption a torture device with a spike placed to point at every vital organ.

    And as of Sept 1 2013 they will be shutting the door ON EVERY BAJAN CITIZEN
    The DLP government will never get in power again. They have nailed that coffin shut during this IMF/Standard and Poors satisfaction giving exercise.

    Piss poor petformamce by a piss poor government devoid of any ideas to galvanize its people to action during hard economic times GLOBALLY

    Two things have sealed their fate. Chris Sinckliar s vendetta with UWI and enduringly with every single Bajan who would have sought a degree for themsrlves

    Who could have told him to engage in this skirmish?

    Only a person who hates Bajans and the fact that, the very single assets that remains after auger is dead and tourism is faltering due to the ineptitude of Ricjatd Sealy and Adrian Elcock, this female rabbit, XUNT, decides to kill the while impetus of a national programme that permitted a nation a VESA to a way out of economic hardship

    The power of recall has it place.

    See why Mia’s coup would have been received so begrudgingly well?

    She will still have her day at the polls

    Lord save us all from myopic men on the one side and megalomaniacs on the other

    Fortunately the Armed Forces of the United States are still on call on the horizon.


  64. Enuff August 14, 2013 at 4:12 AM #

    Grow scientists David? What are the factors that allow scientists in a country to ‘grow’?


  65. David August 14, 2013 at 5:05 AM #


    And this is the point, where is the effort. At worst ensure that UWI pricing does not negatively affect enrollment in the sciences.


  66. The People's Democratic Congress August 14, 2013 at 5:12 AM #

    The relevant Budgetary Proposals ones related to so-called government borrowing, etc, if implemented, will (help) bring about further increases in the real actual cost of use of money (local and foreign), which the higher it goes will continue to warrant (theoretically) greater and greater nominal incomes, payments and transfers of individuals, businesses and other entities in this country to keep pace with previous years nominal incomes, payments, and transfers, at lower real actual cost of use of money.

    But, as it stands, there are lower and lower levels of these incomes, payments, and transfers actually, thus pointing to greater and greater fictional money debt/loan loss provisions and a further slowing down of commercial business sectors in the country, generally.

    Also, the relevant Budgetary Proposals ones related to greater evil wicked TAXATION, if implemented, will (help) bring about greater declines in the money (local) turn over rate ( from the MONEY TURN OVER RATE THEORY) among the national productive commercial and business sectors in this country.

    In this vein, therefore, these relevant proposals will have serious implications for the immediate medium term comparative growth and stability of these said national productive commercial and business sectors in Barbados.



  67. Unsurprised and unimpressed August 14, 2013 at 5:34 AM #

    This budget is the usual lazy nonsense I’ve come to expect from this government. Tax the workers, subsidize white Barbados, no reform of the civil service, insult people’s intelligence.
    It was interesting how the MoF felt it necessary to reel off figures to taxpayers (who are the bulk of people who use UWI for their or their children’s education) about how much of a ‘burden’ it has been to government with it’s increasing cost and doubling of students educated.
    One of the commenters suggested this was a ‘brave’ move. Brave? how is it brave to stop paying and institution you don’t like and weren’t paying already (based on the debt to UWI), that you spent months trying to discredit through the press and social media while continuing to nothing about the way the civil service is run? One thing that differentiated Barbados as a nation was the governments commitment to free tertiary education for all. That is now gone.
    Meanwhile the tourist industry and construction industry which are perennial receivers of government incentives could not have their contribution to the economy detailed? I am still confused why such a vital industry still needs to live on so much welfare. Government funds plant (buildings), promotions and advertising, funds research through the cost of the myriad of tourism bodies, fund logistics through the subsidies to airlines, and operation expenses through tax breaks but after all this time they can’t stand on one foot furthermore their own 2 feet? Yet owners get to maintain their lifestyles. And no explanation, no conditions, no requirement that they improve the way they operate, just handouts and excuses. Can you imagine what it would be like if manufacturing or Information technology or agriculture or cultural industries got that sort of investment?
    The only thing creative in the budget was the talk of ethanol as fuel substitution but based on the lack of any concrete plan it’s obvious they have no idea if it will work.

    Taxpayers are really just new slaves and this government the new overseers.


  68. ac August 14, 2013 at 5:42 AM #

    OH Well!No Doom And Gloom ! what a bunch of silly fools


  69. Adrian Loveridge August 14, 2013 at 5:45 AM #

    My first reaction to the contents of the budget, PURELY from a tourism perspective.

    First the positives.
    1) A reduction in the rate of VAT from 1st October 2013 to 7.5 per cent for hotels and Direct Tourism Services (car rental, restaurants, attractions, activities etc.,). This should have a direct and positive effective on lowering prices for our visitors.
    However, ONLY Hotels are mentioned, so do we assume that this does NOT apply to villas, condominiums, apartments, smaller (less than ten rooms) guest houses etc?
    Is this yet another example of policies not being thought through.
    And if the MOF had planned to bring down the rate of VAT, then WHY spend a quoted $11 million on free spending vouchers when a lower VAT rate would have been far more equitable.
    2) An extra US$50 million (BDS$100 million) to the BTA over the next 18 months for ‘marketing and promotion’. his defies ANY logic. Why throw more money at an entity that clearly cannot carry-out its mandate. Without restructuring, it’s just more money down the drain.
    3) US$13 million (BDS$26 million) ‘to immediately settle ALL liabilities of the authority’. Does ALL include the BDS$30 million loan to charter Carnival Destiny in 2007?
    4) BDS$50 million Hotel Refurbishment Fund. This is the same fund that was announced last year, but no mention of interest rate.
    5) Government ‘to bring at least 1,000 rooms back in production’. Together Almond Beach Village and Silver Sands Resort have 630 rooms. Where are the other 370 rooms? Will these be created by building additional room stock at these two properties or?
    6) There is also no mention of any concessions (lower VAT rate) being directly linked to ONLY licensed properties and those who have NO outstanding debts to Government (NIS, VAT, Land Taxes etc).
    7) No mention of the announced APD Voucher or amount of funds allocated to this additional initiative. The clock is ticking, it is almost September, traditionally our worse performing month of the year.


  70. David August 14, 2013 at 6:08 AM #

    The VOB Budget panel was not complimentary last night, let us wait for the feedback from the breakfast meeting this morning, our industry captains.


  71. David August 14, 2013 at 6:30 AM #

    @Unsurprised and unimpressed
    The below appears on page 78 of the Budget presented yesterday. It is food for thought but agree with that there seem to be some needling going on between key players in the government and Sir Hilary. In the present circumstances the government cannot be expected to foot the bill in a business as usual manner.

    Financing of University Education:
    The Government of Barbados recognizes that access to education at all levels has been a key factor in the success of Barbados as a society and an economy. The DLP remains committed to, and fully supportive of, the continued growth and development of UWI Cave Hill and increased access to tertiary education for Barbadians. In about 2003/2004 the Cave Hill Campus began a major expansion in terms of the numbers of students and the amenities offered. In 1999 for example, there were around 3,568 undergraduate students at the Cave Hill and by 2007 this number had increased to around 6,718 and currently stands at around 7,200 students. The expansion has meant major increases in the Government of Barbados’ contribution to UWI. For example, in 2007, the financial contribution of the Barbados government to UWI Cave Hill was $79.3million dollars, a $28.3 million over the $51 million required in 1999. However, between 2007 and 2008 the annual contribution required from the Government of Barbados increased from $79.3 million to $120.5 million. To put things in context, for the entire period 1999 to 2007 combined, the total contribution required from the Government of Barbados to the Cave Hill Campus was $543.2 million, compared to the $636.3 million dollar contribution required for the 2008 to 2012 period. The reality is that the amount required in the last five years was $93 million greater than the previous nine years combined.


  72. Amused August 14, 2013 at 6:36 AM #

    @Caswell Franklyn | August 14, 2013 at 2:22 AM | Why should I care about competition? I don’t have any competition now. That isn’t likely to change no matter what. What’s the matter, Lassie? Were you planning to go study law finally as yet another profession to try out?


  73. David August 14, 2013 at 6:41 AM #

    Say what you like Sir Frank has been calling for the structural weaknesses in the economy to be addressed and the paying of tuition fees by Barbadians it probably the beginning (education).
    The deep cuts in transfers to some government agencies means there is another story is yet to be told but it has to be done because the government cannot afford it. The foreboding in the voice of Maloney who represents labour said it all last night. 
    If the increase in personal income tax for 19 months is meant to generate revenue in the period it takes for government to mobilize the projects it has put on the table then BU says good luck.


  74. The People's Democratic Congress August 14, 2013 at 6:56 AM #

    While the proposal to make persons who are attending the University of the West Indies Cave Hill contribute more money to the remuneration cost of the government and other running the campus in 2014, and to help bring about a greater sense of appreciation of the social national responsibility that is called for in relationship to the value and worth of some aspects of the ‘education’ project in the country among prospective/present university attendees are welcome, the PDC is strongly of the view that the timing is absolutely wrong given that there are going to be serious short long term declines in the attendance and enrollment numbers of the student population at Cave Hill.

    With evil wicked TAXATION, Interest Rates, Motor Vehicle Insurance, ‘Exchange Rate Parities’ so-called Repayable Institutional Loans and more oppressive measures still in place, plus with the cost of living and the cost of business and the real actual cost of use of money in the country altogether being staggeringly high, there will be bound to be serious fall offs in student attendance and enrollment at the Cave Hill Campus.



  75. Carson C. Cadogan August 14, 2013 at 7:05 AM #

    Simple Simon

    “If I had a child starting university next year I would be crying blood”

    Lay that statement at the feet of Hilary!


%d bloggers like this: